California Assembly Bill 2170
Session 20212022
Residential real property: foreclosure sales.
Became Law
Became Law on Sep 30, 2022
Origin Chamber
Assembly
Type
Bill
Bill Number
2170
State
California
Session
20212022
Timothy S. Grayson
grade
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Motion Text
AB 2170 Grayson Concurrence in Senate Amendments
Assembly Roll Call Votes
Other
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Fong
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Summary
Existing law prescribes various requirements to be satisfied before the exercise of a power of sale under a mortgage or deed of trust and prescribes a procedure for the exercise of that power. Existing law, until January 1, 2026, prescribes a process in connection with a trustee's sale of property under a power of sale contained in a deed of trust or mortgage on real property containing one to 4 residential units, inclusive, that provides specified bidding priorities to certain parties, including prospective owner-occupants.
This bill would prescribe requirements that would apply to sales of real property containing one to 4 residential dwelling units, inclusive, that is acquired through foreclosure under a mortgage or deed of trust by an institution or that is acquired at a foreclosure sale by an institution, as defined. The bill would require the institution, during the first 30 days after a property is listed, as specified, to only accept offers from eligible bidders, as defined, and to respond, in writing, to all offers received from eligible bidders before considering any other offers.
This bill would require an eligible bidder to submit an affidavit or declaration, as specified, with their offer to an institution. By expanding the crime of perjury, this bill would impose a state-mandated local program.
This bill would also prohibit an institution from conducting a bundled sale, as defined.
The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement.
This bill would provide that no reimbursement is required by this act for a specified reason.
02/15/22 - Introduced
February 15, 2022
04/18/22 - Amended Assembly
April 18, 2022
04/27/22 - Amended Assembly
April 27, 2022
06/23/22 - Amended Senate
June 23, 2022
08/26/22 - Enrolled
August 26, 2022
09/30/22 - Chaptered
September 30, 2022
04/22/22- Assembly Judiciary
April 22, 2022
05/09/22- Assembly Appropriations
May 9, 2022
05/13/22- ASSEMBLY FLOOR ANALYSIS
May 13, 2022
06/17/22- Senate Judiciary
June 17, 2022
07/29/22- Senate Appropriations
July 29, 2022
08/13/22- Sen. Floor Analyses
August 13, 2022
08/23/22- ASSEMBLY FLOOR ANALYSIS
August 23, 2022
Sort by most recent
09/30/2022
California State Legislature
Chaptered by Secretary of State - Chapter 865, Statutes of 2022.
09/30/2022
California State Legislature
Approved by the Governor.
08/31/2022
California State Legislature
Enrolled and presented to the Governor at 4 p.m.
08/24/2022
Assembly
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 75. Noes 0.).
08/24/2022
Assembly
Assembly Rule 77(a) suspended.
08/23/2022
Assembly
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 25 pursuant to Assembly Rule 77.
08/23/2022
Senate
Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 4979.).
08/22/2022
Senate
Ordered to special consent calendar.
08/11/2022
Senate
Read second time. Ordered to third reading.
08/11/2022
Senate
From committee: Do pass. (Ayes 7. Noes 0.) (August 11).
08/02/2022
Senate
In committee: Referred to suspense file.
06/23/2022
Senate
Read second time and amended. Re-referred to Com. on APPR.
06/22/2022
Senate
From committee: Amend, and do pass as amended and re-refer to Com. on APPR with recommendation: To Consent Calendar. (Ayes 11. Noes 0.) (June 21).
06/01/2022
Senate
Referred to Com. on JUD.
05/26/2022
Senate
In Senate. Read first time. To Com. on RLS. for assignment.
05/25/2022
Assembly
Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 4912.)
05/12/2022
Assembly
Read second time. Ordered to third reading.
05/11/2022
Assembly
From committee: Do pass. (Ayes 16. Noes 0.) (May 11).
04/28/2022
Assembly
Re-referred to Com. on APPR.
04/27/2022
Assembly
Read second time and amended.
04/26/2022
Assembly
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) (April 26).
04/19/2022
Assembly
Re-referred to Com. on JUD.
04/18/2022
Assembly
From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended.
02/24/2022
Assembly
Referred to Com. on JUD.
02/16/2022
Assembly
From printer. May be heard in committee March 18.
02/15/2022
Assembly
Read first time. To print.
Sources
Record Created
Feb 17, 2022 12:14:06 PM
Record Updated
Nov 22, 2022 12:26:30 PM